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Investment Scams

Police & Fire
Bergen Dad, Son Busted Again, This Time In $2.5M Jersey Shore ‘Fix-and-Flip’ Scheme Bergen Dad, Son Busted Again, This Time In $2.5M Jersey Shore ‘Fix-and-Flip’ Scheme
Bergen Dad, Son Busted Again, This Time In $2.5M Jersey Shore ‘Fix-and-Flip’ Scheme It seemed state and federal prosecutors had thrown all they could at a Bergen County father and son for a series of multi-million-dollar investment scams. But state authorities announced a new indictment against both men on Monday, Nov. 6. This time, George Bussanich, Sr., 65, of Park Ridge, and George Bussanich, Jr., 43, of Upper Saddle River, are charged with defrauding investors and mortgage lenders out of more than $2.5 million through a “fix and flip” investment scam involving Jersey Shore real estate. Victims believed they were funding the purchase, renovation, and resale of four…

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by Jerry DeMarco
Police & Fire
Bergen Sheriff's Officer Helping Motorist On Route 4 Nearly Struck By OD'ing Driver Bergen Sheriff's Officer Helping Motorist On Route 4 Nearly Struck By OD'ing Driver
Bergen Sheriff's Officer Helping Motorist On Route 4 Nearly Struck By OD'ing Driver A Bergen County sheriff's officer escaped severe injury or worse when an overdosing driver sideswiped her cruiser as she helped another motorist who'd broken down on Route 4, authorities said. Christopher A. Hanna, a 42-year-old Parlin resident with an extensive criminal record, was headed west on the highway in a 2008 Infiniti G35 when the crash occurred near Madison Avenue in Teaneck shortly before 3 p.m. Sept. 20, local police records show. The sheriff's officer told Teaneck police she was out of her 2021 Ford Explorer with its lights on when she spotted the Infiniti swerving in and out …

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by Jerry DeMarco
News
NJ: Elderly Siblings With 8th-Grade Educations Swindled In $500,000 Investment Scam NJ: Elderly Siblings With 8th-Grade Educations Swindled In $500,000 Investment Scam
NJ: Elderly Siblings With 8th-Grade Educations Swindled In $500,000 Investment Scam A former investment adviser swindled four elderly New Jersey customers out of $529,780 that he used for gambling, meals and car payments, state authorities said. Three of the victims conned by Mario E. Rivero, Jr. were elderly siblings who had eighth-grade educations, couldn't speak or read English and had "diminished capacity," Acting New Jersey Attorney General Matthew J. Platkin said on Monday, March 14. Rivero -- who'd known the siblings for more than 10 years before becoming their financial professional -- told them and others that their money "would be invested in his mother's and fr…

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by Jerry DeMarco